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BANK OF MAHARASHTRA vs ANDHRA BANK - Comparison Results

More on BANK OF MAHARASHTRA

Registered in 1935 with an authorised capital of Rs 1 m, Bank of Maharashtra (BoM) commenced business in 1936. The government held 78.95% stake in the bank at the end of March 2012 after an infusion from the government and a preferential allotment fr... Moreom LIC. BoM has the largest network of branches owned by any public sector bank in the state of Maharashtra. The bank had a franchise of 1,589 branches at the end of FY12 of which 34% were located in the rural areas.

ANDHRA BANK

More on ANDHRA BANK

Established in 1923, Andhra Bank had 1.9% share of the total non-food credit and 1.8% share of the total deposits in the banking sector in FY12. The bank has national presence through 1,712 branches and around 1,056 ATMs, with an employee base of 15,... More099. Nearly 54% of the bank's branches are located in the rural and semi urban areas of the country. After being a laggard in terms of asset growth in the initial years of the decade, Andhra Bank has caught up with its peers in the banking space over the last three fiscals. 100% of the bank's business is currently under core banking solution (CBS).

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